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JKB Invoice Finance Brokers Ltd
2nd Floor
71 Tabors Avenue
Chelmsford
Essex
CM2 7EL
 

Confidential Factoring

What is the difference between factoring and confidential factoring?

From a cash flow perspective Factoring and Confidential Factoring are identical. Invoices are sent or uploaded to the provider and availability is generated for the client to draw as and when they require funds. From a service perspective the Factor will chase your customers anonymously in one of two ways.

1) The factoring provider will assume your corporate identity.
  1. You are allocated a credit controller and a designated telephone number that when called is answered in your company name.
  2. All calls, letters and statements are branded with your company identity and logo.
  3. A notice of assignment is not required to be displayed on your invoices.
  4. The Factors bank account is also set up in your company name to received customer payments.
2) The factoring provider will outsource credit control to a third party (a separate limited company set up, or partnered with the Factoring company).
  1. Your customers are chased by XYZ Ltd (the third party) on behalf of your company name.
  2. All calls, letters and statement are produced on XYZ Ltd headed paper but referenced in your company name.
  3. A notice of assignment is not required to be displayed on your invoices.
  4. The Factors bank account is set up in your company name and customer payments are collected by XYZ Ltd into the Factors bank account.

How does factoring work?

Please refer to the factoring page.

Click here to find out how factoring is charged.

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